Ethereum price enters buy zone — Is a revenge rally in the making?
Ethereum could be preparing to bounce from a demand zone at $2,500, as fresh activity in ETH derivatives markets catches traders’ attention.
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Russian Social Media Giant VK Launches ‘Mineable’ VK Coin
Russian social media giant Vkontakte (VK) has launched an internal currency, VK Coin, that can be “mined,” local state-owned media outlet Tass reported on April 1.The move follows recent reports this week that VK was launching a bespoke cryptocurrency. The official information provided on VK Coin, however, does not indicate that the coin is based…
Russia not ready to accept Bitcoin as legal tender, says Kremlin
The Russian government keeps insisting that payments in cryptocurrencies like Bitcoin would ruin its financial system. Amid El Salvador officially accepting Bitcoin (BTC) as legal tender today, the Russian government has reiterated its negative stance to a scenario where BTC could be accepted as an official currency.Dmitry Peskov, the official representative of Russian President Vladimir…
Troubled crypto exchange JPEX applies for deregistration in Australia
The unlicensed exchange allegedly solicited than $128 million from users before being reprimanded by the Hong Kong Securities and Futures Commission. 108 Total views 5 Total shares Troubled Hong Kong crypto exchange JPEX has applied for deregistration in Australia.According to a filing seen by Cointelegraph on September 20, Jieyi Chen, director of JP-EX Crypto Asset
South Korean lawmakers inch closer to deal to delay crypto tax by one year
The long debate in the country’s legislature could soon be over meaning cryptocurrency gains made in South Korea may not be considered taxable events until 2023 at the earliest. 496 Total views 21 Total shares In what could be a big win for the local crypto industry, South Korean lawmakers are close to delaying taxation…
UAE to introduce legal framework for DAOs
UAE lawyer Irina Heaver told Cointelegraph that the framework would allow even smaller DAOs to operate legally.
Digital Currencies Could Threaten US Geopolitical Power, Warns JPMorgan
“There is no country with more to lose from the disruptive potential of digital currency than the United States,” say analysts at JPMorgan Chase & Co. “There is no country with more to lose from the disruptive potential of digital currency than the United States.”So goes the stark warning from analysts at the U.S.’ largest…
CME Head Tim McCourt Explains How Bitcoin Options Work
Still in its infancy, the cryptocurrency market currently only offers a fraction of the trading and investment products available in traditional financial markets. Over the past few years, however, the crypto space has continued to develop with products around Bitcoin (BTC) and other crypto assets, such as BitMEX futures and Deribit options. Mainstream financial entities have…
Ebang refutes Bitcoin ‘China Hustle’ claims as share price falls 20%
The share price of Chinese Bitcoin (BTC) mining company Ebang continues to fall, while the firm refutes claims made in a Hindenburg Research report which alleged it was pilfering American investors’ cash.The Hindenburg Research report, published April 6, described Ebang as “simply the latest chapter in the ‘China Hustle’ disguised as a Bitcoin mining play.”…